Sequoia Financial Advisors LLC Raises Position in American Electric Power Company, Inc. $AEP

Sequoia Financial Advisors LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.0% in the second quarter, Holdings Channel reports. The firm owned 132,456 shares of the company’s stock after buying an additional 5,142 shares during the period. Sequoia Financial Advisors LLC’s holdings in American Electric Power were worth $18,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Costello Asset Management INC raised its stake in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $27,000. Union Savings Bank purchased a new stake in shares of American Electric Power during the fourth quarter worth about $27,000. Elevation Wealth Partners LLC increased its holdings in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of American Electric Power during the second quarter valued at about $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on AEP shares. Jefferies Financial Group lifted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley decreased their price target on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 21st. BMO Capital Markets decreased their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. LADENBURG THALM/SH SH lowered their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $123.47 on Friday. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The business’s 50 day moving average price is $128.28 and its 200 day moving average price is $130.43. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The firm has a market cap of $67.22 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.64 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio is presently 65.18%.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.